Roy, 27, retired from basketball last December due to knee issues, but sources close to Roy say he is feeling fine and should be able to play around 20 minutes a game.

Roy can't sign with his former team, the Portland Trail Blazers, because it used it's team amnesty clause to take the remaining $68 million owed to Roy, off the books. He can't sign with Portland again until the length of his old contract runs out after the 2014-2015 season.

During Roy's five NBA seasons, he was a three-time all-star, won rookie of the year, and averaged 19 points, 4.3 rebounds, and 4.7 assists.